Dh Accounting / Bookkeeping Baroda

Year Gujarat, India

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Designation: Manager
Updated: April 06, 2023
Location: Gujarat, India
Organization: Metals

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1) Job Purpose

To undertake finalization of financial statements of IGT Project, monitor and control financial and accounting policies, procedures and controls, ensure preparation of robust accounting statements, effectively manage cash-flow
To take complete responsibility of all financial and commercial activity at IGT Site including taxation and finalization of the Balance Sheet.

Key Result Areas/Accountabilities

Supporting Actions

Planning

Undertaking feasibility study for projects and preparing CAPEX and working capital plan on a monthly basis to incorporate projections for the next three months by coordinating with Project team.
Partnering in the annual budgeting and forecasting exercise Analyzing and evaluating product mix in coordination with procurement team to in order to ensure fulfilment of requirement.

Operational Excellence

Preparing the monthly, quarterly and annual consolidated financial statements in compliance with Indian GAAP and SEBI requirement for publication.
Monitoring passing of bills and scrutinizing accounting transactions of IGT Site at regular intervals and ensuring corrective action
Undertaking raw material accounting
Undertaking tax accounting
Undertaking risk management and hedge accountingas per Ind AS 30
Undertaking valuation of stock and embedded derivatives
Collating inputs from Risk Management Team as well as Project Department and supervising updating of accounts and related data on hedging into internal software.

Budgetary Controls

Monitoring implementation of CAPEX budgets for maximization of revenue through CAPEX accounting including planning and budgeting, controlling, capitalization, maintenance of fixtures and registration of CAPEX expenditure
Ensuring payment to vendors of IGT Project as per contractual terms
Safeguarding antidumping duty calculation and ensuring accurate deposition to maximize earnings from the Government incentive scheme as per WTO norms
Analyzing of Accounts Receivable of IGT Birla Copper, undertaking corrective action in case of deviation.

Managing working capital and cash flow

4) Compliance

Monitoring the variability of external factors (exchange rates) in FOREX transactions in order to determine its impact on valuation of inventory and ensure statutory compliance.
Analyzing output generated by software and corroborate with Risk Management Team as well as Project Team to ensure alignment on accounting for hedging transactions.
Facilitating internal audits and statutory audits and implementing corrective action
Implementing all statutory compliances with respect to direct taxation
Facilitating tax audit and assessment with respect to direct and indirect taxation

5) Customer-centricity

Ensuring reconciliation of vendor accounts and payments in a timely manner
Submitting finalized Balance sheet to the corporate office as per specified timelines
Submitting MIS to senior management and the corporate finance department with respect to
- Financials, working capital and cash flows
- Compliance of accounting standards
- compliance of and statutory regulations with respect to accounting as well as direct and indirect taxation
- Key value drivers

6) Sustainability and Process Improvement

Monitoring cash flows and impacting corrective action
Monitoring and implementing IFC (internal financial control) for the unit through testing of processes and authority matrix, establishing improved systems and processes and guiding process owners to take corrective and improvement actions.
Reviewing PBND (Priced but not dispatched) and DBNP (Dispatched but not priced) status through interface with marketing department and ensuring corrective action

Qualifications:

Chartered Accountant
Minimum Experience Level:
6-10 Years

Report to:
Manager

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